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Godfrey Mwirigi

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posts : 549

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Celsius Collapse Drag Investors Down
Celsius Collapse Drags Investors Down

Celsius bleeds from $25 billion to $167 million. According to the bankruptcy filings, Celsius will pay its users around $4.7 billion. The firm has a $1.2 billion deficit on its balance sheet. In this week’s reports, bankruptcy filings of Celsius have surprised no one. The digital lender has been in hot water for some time. CNBC has tweeted that the major cryptocurrency has collapsed and has dragged many investors down with it. Celsius, once a high-flying digital lender, has filed for Chapter 11 bankruptcy protection. The company had $25 billion in assets just last year, but according to the filings,

2 mins read
Binance (BNB) Card is now available in Argentina
Binance (BNB) Card is now available in Argentina

An Overview of the Binance Card. On April 25, 2022, the company announced a new Binance card upgrade (2022-04-25). In Latin America, Cryptocurrency Remittances Prove Their Value. Binance Card is now available in Argentina. This is according to the CEO and founder of bitcoin (BTC) and cryptocurrency exchange Binance, Changpeng Zhao. It is the first country in Latin America where this product arrives. Binance Card is a Visa debit card that allows users to spend their cryptocurrency holdings as fiat currency at merchants that accept Visa. Argentina is an important market for Binance due to the high adoption of cryptocurrency

2 mins read
Texas GOP Aims to Enshrine Crypto in State’s Constitution
Texas GOP Aims to Enshrine Crypto in State’s Constitution

The Texas GOP is aiming to add a crypto-related amendment to the state’s constitution. The amendment would protect Texans’ right to own cryptocurrency. Critics, however, argue that digital currencies are often used for illegal purposes. The Texas GOP platform calls for the state’s Bill of Rights to include a clause allowing citizens to own, hold and use whatever medium of exchange they decide, including digital currency. The current version of the Bill of Rights does not explicitly protect the digital currency, and some members of the Texas GOP believe that this could open the door for the government to one

2 mins read
Bitcoin and Crypto Users To Reach 1 Billion by 2030
Bitcoin and Crypto Users To Reach 1 Billion by 2030

It has been predicted that the number of people using cryptocurrencies could reach one billion by 2030. This is expected to increase to 35 million by 2022 Cryptocurrency could have a major impact on the world economy. In the next 10 years, the number of people using Bitcoin and cryptocurrency is expected to reach 1 billion. This is according to a new report by bitcoin’s research wing Bitcoin archive. A report, titled “Cryptocurrency: The Future of Money?” further argues that the mainstream adoption of Bitcoin and cryptocurrency will be driven by three factors: the millennials, the underestimated, and the unbanked.

2 mins read
Bitcoin and DeFi Gears To Have Great Future Ahead, Analyst Says
Bitcoin and DeFi Gears To Have Great Future Ahead, Analyst Says

Dan Held, a former ‘Bitcoin maximalist,’ sees a place for DeFi in the future of cryptocurrencies. Dan Held will be the brand ambassador in a part-time role where he can elevate both Kraken and Bitcoin. Bitcoin maximalist believes that bitcoin is the only decentralized digital currency in the crypto market. According to recent reports, Dan Held, the long-time Bitcoin(BTC) backer, has stepped down from the role of the director of growth at crypto exchange Kraken to join the DeFi space. Dan Held will be taking part in the DeFi space as the brand ambassador in a part-time role. Held will

2 mins read
MicroStrategy, Tesla, and Block Lose $5 Billion From BTC  Drop
MicroStrategy, Tesla, and Block Lose $5 Billion From BTC  Drop

Bitcoin drop also affects the stock market of the three company stock. According to Coinmarketcap, the price of Bitcoin sits at below $25k. Tesla, MicroStrategy, and Block lost $5 billion in BTC dip. According to recent reports by a financial analyst, Tesla, MicroStrategy, and Block have all lost $5 billion from the recent drop in Bitcoin.  The toll reflects the risk that companies encounter when they put a portion of their cash into Bitcoin. MicroStrategy has been the most aggressive company in buying Bitcoin(BTC). Although bitcoin has dropped slightly from its lows of just over $18,000 last month, there is

2 mins read
Ethereum(ETH) To Process 100,000 Transactions Per Second
Ethereum(ETH) To Process 100,000 Transactions Per Second

Vitalik  Buterin updates the ETH roadmap with surge and purge. Ethereum on 2.0 and will be scaling to 100k transactions per second after merge. The development roadmap is only halfway complete. After the merge, the Ethereum network founder Vitalik Buterin stated that a lot more updates were on the way. If the merge hasn’t caused enough hype in the market, then the Ethereum network will undergo Surge, Verge, Purge, and Splurge as part of its ongoing development roadmap. In a recent tweet by Watcher.Guru, Vitalin Buterin, has stated that the Ethereum network will be able to carry out 100,000 transactions

2 mins read
Lightning Network Capacity Hits a New All-Time High
Lightning Network Capacity Hits a New All-Time High

LN is a payment protocol that enables near-instant, low-cost Bitcoin transactions. More people are starting to use the network for real-world Bitcoin transactions. The average cost of a Bitcoin transaction has dropped recently. The Lightning Network, a “layer 2” payment protocol that enables near-instant, low-cost Bitcoin transactions, has seen its capacity reach a new all-time high. As of October last year, the network’s total capacity was 574.63 BTC — worth approximately $2.9 million at current prices according to data from 1ML.com, a website that tracks Lightning Network node and channel information. This is the highest total capacity the Lightning Network

2 mins read
South-Korean-prosecutors-raid-crypto-exchanges-amid-Luna-probe
South Korean Prosecutors Raid Exchanges Amid Luna Probe

Prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges. A total of 15 places, including cryptocurrency exchanges and related offices, were searched. The two men, Do Kwon and Daniel Shin have denied any wrong doing. South Korean authorities carried out search and seizure operations at local cryptocurrency exchanges, as well as offices that are affiliated with the collapse of cryptocurrency Luna in May, seeking proof of illegal activity. The prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges as part of an investigation into alleged fraud by the co-founders of blockchain platform Terraform labs.

2 mins read
Blackrock-$Blk-Has-Lost-$1.7T-of-Its-Clients’-Assets
Blackrock $Blk Has Lost $1.7T of Its Clients’ Assets

BlackRock is an iShares business, which offers low-cost exchange-traded funds. Investment firm BlackRock $BLK has lost $1.7 trillion of its clients’ assets. BlackRock is trying to adapt to the changing landscape. According to eVestment, the outflows come as investors pull money from actively managed funds and put it into passive vehicles like index funds. BlackRock’s iShares business, which offers low-cost exchange-traded funds (ETFs), was one of the few bright spots for the firm, with $22.4 billion in inflows. The outflows are a sign that investors are becoming more choosy about where they put their money. They’re also a sign that

2 mins read
Bitcoin Network has transferred $17.78T in 2022 already
Bitcoin Network has transferred $17.78T in 2022 already

Bitcoin Network has transferred $17.78T in 2022 already.  It is likely that this trend will continue in the future. The coin has seen a slight downtrend over the past few days It is clear that the Bitcoin network has seen a huge amount of growth in recent years, with more and more people using the crypto pair. This trend looks set to continue in the future, as Bitcoin becomes more and more popular. With this increased popularity comes an increased demand for Bitcoin, which could lead to even more growth for the Bitcoin network. It will be interesting to see

2 mins read
First Female Ufc Fighter To Be Paid In Bitcoin
First Female Ufc Fighter To Be Paid In Bitcoin

Luana Pinheiro will become the first female UFC fighter to be paid in bitcoin through a partnership with Bitwage. She has joined her boyfriend Matheus Nicolau, who adopted a Bitcoin Standard in March via Bitwage. Bitwage is a bitcoin payroll service that enables anybody to convert their wage without the need for employer approval. Luana Pinheiro is a Brazilian athlete and the current UFC Strawweight Champion. She has a professional record of 12-0 and is widely considered to be one of the best pound-for-pound female fighters in the world. The partnership between Pinheiro and Bitwage will see the fighter receive

2 mins read